Mitchell Camera Corp. v. Commissioner

First Circuit

Mitchell Camera Corp. v. Commissioner

169 F.2d 412

CourtCourt of Appeals for the First Circuit

DecidedAugust 23, 1948

DocketNo. 11829

StatusPublished

This text of 169 F.2d 412 (Mitchell Camera Corp. v. Commissioner) is published on Counsel Stack Legal Research, covering Court of Appeals for the First Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mitchell Camera Corp. v. Commissioner, 169 F.2d 412 (1st Cir. 1948).

Pincite

Opinion

PER CURIAM.

This review is governed by the principles established in Dobson v. Commissioner, 320 U.S. 489, 64 S.Ct. 239, 88 L.Ed. 248. We agree with the reasoning of the Tax Court’s opinion but because of an error in determining the cost basis, conceded by respondent, there must be a recomputation of the tax. The taxpayer claims and the Commissioner agrees that $55,021.36 should be added to the $1,180,157.59, the cost basis in the depreciation allowance for the year 1941. The case is ordered remanded to recompute the tax for that year. The Tax Court’s decision is otherwise affirmed.

Free access — add to your briefcase to read the full text and ask questions with AI

PER CURIAM.

This review is governed by the principles established in Dobson v. Commissioner, 320 U.S. 489, 64 S.Ct. 239, 88 L.Ed. 248. We agree with the reasoning of the Tax Court’s opinion but because of an error in determining the cost basis, conceded by respondent, there must be a recomputation of the tax. The taxpayer claims and the Commissioner agrees that $55,021.36 should be added to the $1,180,157.59, the cost basis in the depreciation allowance for the year 1941. The case is ordered remanded to recompute the tax for that year. The Tax Court’s decision is otherwise affirmed.

Cite This Page — Counsel Stack

Bluebook (online)

169 F.2d 412, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mitchell-camera-corp-v-commissioner-ca1-1948.

Opinion

Related

Cite This Page — Counsel Stack